Nasik

Nasik or Nasik is a city in India's Maharashtra state. Nasik is in the northwest of Maharashtra, 160 km from Mumbai city and 220 km from Pune. Also known as the "Wine Capital of India", or the "Grape City", it is one of the most upcoming cities in India.

Nasik has emerged as one of the hottest destinations for setting up of IT /ITES and outsourcing companies and thus there has been a vibrancy in the commercial and industrial real estate in the city. Proximity to Mumbai-the financial capital of India, good infrastructure, setting up of SEZ and other factors make it an ideal choice for real estate investment.

Real Estate Scenario in Nasik
Residential Real Estate: Local and national real estate developers are undertaking construction of modern apartments, villas and bungalows. These builders have tied up with leading banks and financial institutions like ICICI Bank, SBI Bank, DHFL, etc for providing quick finance to people seeking to purchase property.

Commercial Real Estate: With rapid urbanization and development of mall culture around areas of Nasik, the city gives a more urbanized look like that of Mumbai & Pune. Multiplexes, mall, theme parks are also in construction process in various parts of the city. The rising working population, especially in the IT/ITES sector, has lead to a booming retail trend with a number of retail showrooms in the city.

Industrial Real Estate:
The city is well connected via roads with cities like Pune & Mumbai which has resulted an a high growth rate in industrial areas and real estate. The government is also promoting growth of an export-oriented rose farming and wine industry in the district.

The city has five "Industrial Zones" both within and on the outskirts. These are Satpur, Ambad, Sinnar, Igatpuri and Dindori. It is also a well known center of textile manufacturing and sugar- and oil-processing. Nasik has been developing as latest destination of companies from ITES-BPO sector & also there is boom in the sectors such as industrial, automobile, IT, agro, education & others.

Key Industries

• Manufacturing Sector
• Service Sector

Real Estate Development
Development in the city is being done on the lines of major metros like Mumbai and Bangalore. Connectivity with Mumbai and an upcoming IT hub like Pune -- Nasik is equidistant from both the cities is generating a lot of demand for residential property.

The city has come in focus and has seen investments by foreign real estate funds. Eredene Capital Fund has invested 50% in an upcoming mall, amounting to over Rs 250 crore. Global companies are investing millions of dollars in commercial projects and are also tying up with Indian realty developers.